Finally, Elizabeth Holmes will begin her 11-year prison sentence for defrauding Theranos investors , a startup that promised to revolutionize the medical technology field.
Former American biotech star Elizabeth Holmes began serving her 11-year prison sentence Tuesday in a Texas state prison, where she was sent for defrauding investors from her company, Theranos , out of several million dollars.
The 39-year-old woman arrived at the federal women’s prison in Bryan, near Houston, after a court denied her latest request to remain free while she appealed the fraud conviction .
“We can confirm that Elizabeth Holmes has arrived at Camp Bryan Federal Prison (…) and is in the custody of the Federal Bureau of Prisons,” the authority said in a statement
a false promise
Holmes became a Silicon Valley star when he announced that Theranos was developing technology to improve blood testing through a wide-range medical diagnostic device that required only a few drops of blood.
As the founder of this company, Holmes became a tech celebrity and was able to attract investment from well-known political figures and some of the world’s richest people, including Rupert Murdoch; Oracle founder Larry Ellison; and the Walgreens pharmacy chain.
Theranos also achieved fame for the strength of its board of directors, such as former top US officials Henry Kissinger, George Shultz and Jimm Mattis.
However, the luck of the woman who dropped out of Stanford University came to an end when an investigation by The Wall Street Journal questioned the capacity of the Theranos devices and the validity of the blood tests .